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Owning an aircraft is both a significant responsibility and a considerable investment. With such a sizable financial commitment at stake, it is not common to enter an airplane security agreement. If you are in the market to purchase an aircraft, the National Aviation Center can help you understand just what goes into an aircraft security…
Your aircraft, just like similar belongings, can be used as collateral as part of loans, deals, and agreements, but since it’s registered with the Federal Aviation Administration, it’s always a good idea to make sure that each claim over the aircraft is documented in an official capacity. This is what an airplane security agreement is…
Your aircraft, like other similar assets, can be used as collateral for deals, loans, agreements, and similar situations. However, in the particular case of airplanes, you will need to submit the form for an aircraft security agreement to the Federal Aviation Administration in order to make this official. Aircraft Security Agreement The main goal of…